Terms & Conditions | Privacy Policy | Mysteel.com
Events
About Us
  • Home
  • /
  • Market Insights
  • /
  • Analysis
  • /
  • Article

Mysteel oils market daily: Geopolitical uncertainty in the Strait of Hormuz persists,soybean oil prices continue to rise

Source: Mysteel Mar 12, 2026 09:25
Share this with
X linkedin WeChat Copy this link
Plant Oil Demand Price Supply
In the night session, vegetable oil prices trended higher, driven by renewed attacks on vessels in the Strait of Hormuz, which heightened concerns over supply disruptions and pushed crude oil prices up, lending support to vegetable oil futures. From a fundamental perspective, Indonesia is accelerating its B50 biodiesel testing, boosting palm oil prices. On the soybean oil front, the market remains concerned about potential supply constraints due to customs clearance issues for soybeans, given the current low inventory levels. This has led to relatively strong performance in both soybean meal and oil prices. Rapeseed oil, however, lacks a clear driving factor.On the spot market, crushers are offering combined Jun-September forward basis quotes while increasing procurement for the April-June period. However, traders and downstream buyers remain hesitant to accept forward basis quotes at current levels.

You May Also Like
  • Mysteel oils market daily: DCE oils futures edged down in overnight trading as markets eye geopolitical risks

    Mar 10, 2026 09:11

  • Mysteel China imported rapeseed crush margin tracking 20260309

    Mar 09, 2026 16:30

  • Mysteel China imported soybean crush margin tracking 20260309

    Mar 09, 2026 12:01

  • Mysteel oils market daily: Soybean oil prices continued to strengthen, hitting a new high for the period

    Mar 09, 2026 09:33

  • Mysteel oils market daily: Considerable import profits for far-month cargoes have accelerated palm oil vessel procurement

    Mar 06, 2026 10:49

Price Curve
Daily Prices
  • Aluminum billet prices: Wuxi

    Mar 12, 2026 11:44

  • Construction steel prices: Zhuhai

    Mar 12, 2026 11:44

  • Copper prices: Dalian

    Mar 12, 2026 11:44

  • Copper prices: Changchun

    Mar 12, 2026 11:43

  • Copper prices: Xi'an

    Mar 12, 2026 11:43

Terms & Conditions Privacy Policy Contact Us Mysteel.com
©2026 Mysteel Global Pte Ltd. All rights reserved.
Mysteel Global WhatsApp business account
Customer Service: globalsales@mysteel.com